Y Intercept Hong Kong Ltd Buys 10,016 Shares of Black Hills Co. (NYSE:BKH)

Y Intercept Hong Kong Ltd grew its stake in shares of Black Hills Co. (NYSE:BKH - Free Report) by 82.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,228 shares of the utilities provider's stock after acquiring an additional 10,016 shares during the period. Y Intercept Hong Kong Ltd's holdings in Black Hills were worth $1,359,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BKH. Leeward Investments LLC MA grew its position in Black Hills by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 170,148 shares of the utilities provider's stock worth $9,253,000 after purchasing an additional 9,048 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Black Hills by 161.5% in the second quarter. Canada Pension Plan Investment Board now owns 54,400 shares of the utilities provider's stock worth $2,958,000 after buying an additional 33,600 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Black Hills by 19.3% during the third quarter. Thrivent Financial for Lutherans now owns 210,768 shares of the utilities provider's stock valued at $12,882,000 after buying an additional 34,129 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Black Hills during the third quarter valued at $1,807,000. Finally, Burney Co. increased its holdings in shares of Black Hills by 6.6% in the 2nd quarter. Burney Co. now owns 79,560 shares of the utilities provider's stock valued at $4,326,000 after purchasing an additional 4,915 shares during the period. 86.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on shares of Black Hills from $63.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, Black Hills has an average rating of "Hold" and a consensus target price of $61.25.

Black Hills Stock Down 0.0 %

Shares of Black Hills stock traded down $0.02 during trading on Thursday, hitting $60.98. 446,656 shares of the stock traded hands, compared to its average volume of 471,575. The stock has a market cap of $4.36 billion, a P/E ratio of 16.45, a PEG ratio of 4.47 and a beta of 0.71. The company has a fifty day moving average price of $61.32 and a two-hundred day moving average price of $58.60. Black Hills Co. has a twelve month low of $49.33 and a twelve month high of $65.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.83 and a current ratio of 1.12.

Black Hills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 18th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Monday, November 18th. Black Hills's dividend payout ratio (DPR) is presently 69.89%.

About Black Hills

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.